Highs we have seen. The nasdaq is the worst performer of the three major averages. Being a tech heavy index, it is down 1 , twice the declines we are seeing in the s p in the dow this point. We were seeing much more green on the screen earlier. Health care in industrials have turned more deeply into the red. We have been watching apple in the selloff. It has been mirroring declines in the major averages. Taiwan Semiconductor Shipments for iphone 6 s and seven, the shipments between june and december could decline as much as 70 to 80 . We are definitely seeing investors extrapolate what that means for apple and other apple suppliers as well. Were seeing a Ripple Effect within technology. A lot of different kinds of chipmakers are following today. If you thought yesterdays decline in retail, that that was it youre in for a rude awakening. Calls in particular are tumbling by 12 . Comparable sales are down 3. 9 . Analysts had estimated a gain. Consumers are not buying apparel and there are
1 . Take a look at the groups on the move. We still have technology in the red. Care has been lagging. Tech just barely in the red. Materials, consumer staples, utilities are leading some of the gains here. Look, ifnted to take a i may, at what is going on with oil. Because we have also seen the s p track very closely today with oil prices. White yellow, the s p in and you can see clearly what is going on. Around and made a roundtrip. So have oil prices there are concerns about supply constraints in nigeria. But supply in canada has been coming back online. That has been pushing oil around today. In the most toe gains, weve got microsoft higher, exxon mobil also rising with the rebound in oil prices. And amazon. Com on a fiveday winning streak at this point. Percentagewise, some of the winners were looking at today tied to news include monsanto, which might be getting some interest from a buyer of germany to create the Worlds Largest agrichemical company. Ralph lauren beating estimates
Welcome everybody to power lunch. Im Tyler Mathisen. Glad you could be with us this afternoon. Lets take a look at the dow trying to break an eightday losing streak. That kind of streak hasnt happened since august of 2011. Right now the dow up 23 points or 0. 13 . Energy and financials leading the way. Oil back above 40 a barrel. Despite a surprise build in crude inventories. Brian. Hi, im brian sullivan, thanks very much for joining us. Heres what else is happening at this hour. Walmart reportedly in talks to buy web retailer jet. Com. Dow jones says the deal could have a price tag of up to 3 billion. Also, 33 u. S. Service members have been reportedly infected with the zika virus. All of those cases were contracted overseas. The magic apparently still alive. Scholastic says more than 2 million copies of harry potter and the cursed child were sold in north america in just the first two days of sale, melissa. Welcome everybody. Im melissa lee. Straight to the breaking news today in fac
Of private email server. A saabing spree at a train station in munich, germany. We will bring you the live situation. Wild weather in the plains deadly while tornadoes in oklahoma. We will take a look at the damage this morning. What budweiser is doing to appeal to americans heading into the summer time. All the programs coming into the program. Gains across the board, take a look at the nikkei average, standout, the countrys finance minister preparing to intervene in the Foreign Exchange. It has been rising against expectations. In europe we are also seeing gains this morning. Banks leading stocks because of earnings. Roughly 5 this morning. Rorred better than expected results in the Wealth Management business and thats driving Financial Services within europe this morning. In the u. S. Pretty good open that we are expecting today. 100 points higher in dow industrial average, nasdaq and s p also looking higher this morning. Joining me this morning as we talk with Fox News Contributor
Back to a selloff of wall street stocks, hit by a slew of disappointing earnings from macys fossil, and big one we brought you yesterday, disney. The dow ending the day down 200 points. Erasing nearly all of yesterdays gains. Only one dow stock ended the day in the green. That was microsoft. Melissa after trump goes to washington, sorry about that the presumptive gop nominee is preparing for a crucial meeting with paul ryan and Republican Leaders in d. C. Thats tomorrow. Fox businesss blake burman is here with the latest. I can imagine there is a lot of anticipation, blake. Reporter there will be a lot of reporters staked outside of the Republican National committee. We can guarranty that tomorrow. Good afternoon to you. Paul ryan doesnt want to pretend that republicans are unifying behind donald trump right now. It is uncertain if that could change tomorrow. Ryan and trump as i mentioned are set to meet here in washington at rnc the House Speaker yet to endorse trump said earlier toda